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REGISTERED NUMBER: 03780288 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

M H MASSEY ROOFING & CLADDING LIMITED

M H MASSEY ROOFING & CLADDING LIMITED (REGISTERED NUMBER: 03780288)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M H MASSEY ROOFING & CLADDING LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2023







DIRECTOR: Mr M Massey





REGISTERED OFFICE: 2 Cater House
Cater Road
Bishopsworth
Bristol
BS13 7TW





REGISTERED NUMBER: 03780288 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

M H MASSEY ROOFING & CLADDING LIMITED (REGISTERED NUMBER: 03780288)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,537 19,270

CURRENT ASSETS
Debtors 5 2,864,144 3,276,897
Cash at bank 581,714 469,689
3,445,858 3,746,586
CREDITORS
Amounts falling due within one year 6 1,750,515 1,561,258
NET CURRENT ASSETS 1,695,343 2,185,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,709,880

2,204,598

PROVISIONS FOR LIABILITIES 85,026 388,170
NET ASSETS 1,624,854 1,816,428

CAPITAL AND RESERVES
Called up share capital 60 60
Capital redemption reserve 40 40
Retained earnings 1,624,754 1,816,328
1,624,854 1,816,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

M H MASSEY ROOFING & CLADDING LIMITED (REGISTERED NUMBER: 03780288)

BALANCE SHEET - continued
30 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





Mr M Massey - Director


M H MASSEY ROOFING & CLADDING LIMITED (REGISTERED NUMBER: 03780288)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2023

1. STATUTORY INFORMATION

M H Massey Roofing & Cladding Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when each stage of work is completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

M H MASSEY ROOFING & CLADDING LIMITED (REGISTERED NUMBER: 03780288)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2022 2,444 21,080 49,553 73,077
Additions - 113 - 113
At 30 June 2023 2,444 21,193 49,553 73,190
DEPRECIATION
At 1 July 2022 2,444 18,578 32,785 53,807
Charge for year - 654 4,192 4,846
At 30 June 2023 2,444 19,232 36,977 58,653
NET BOOK VALUE
At 30 June 2023 - 1,961 12,576 14,537
At 30 June 2022 - 2,502 16,768 19,270

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,184,914 2,594,272
Other debtors 679,230 682,625
2,864,144 3,276,897

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 31,459
Trade creditors 1,712,627 1,311,182
Taxation and social security 25,191 164,332
Other creditors 12,697 54,285
1,750,515 1,561,258

M H MASSEY ROOFING & CLADDING LIMITED (REGISTERED NUMBER: 03780288)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2023

7. CONTINGENT LIABILITIES

The company has been placed on notice by 2 contractors that they are seeking to recover costs from the company in respect of work covered by 12 year collateral warranties. The total costs that the clients are seeking under the warranties are £97,000. The company does not admit any liability in respect of these warranties, but has provided for £82,000 (2022 - £385,000) of the costs.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr M Massey
Balance outstanding at start of year 4,402 4,316
Amounts advanced 45,091 75,086
Amounts repaid (45,000 ) (75,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,493 4,402

9. RELATED PARTY DISCLOSURES

During the year the company was charged rent and management charges by Massey Holdings Limited totalling £225,000 (2022 - £555,000). Massey Holdings Limited is controlled by Mr M Massey and Mrs K Massey.

At the year end the company was owed £498,583 (2022 - £381,653) from Massey Holdings Limited in respect of an interest free loan.

At the year end the company owed £nil (2022 - £204,000) to Massey Holdings Ltd in respect of trade creditors.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Massey and Mrs K Massey.